Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Nov 2017 My Price 5.00

Item CZ83

Perpetual Inventory Using LIFO

Beginning inventory, purchases, and sales for Item CZ83 are as follows:

October 1   Inventory 108 units @ $17
5   Sale 86 units
11   Purchase 120 units @ $20
21   Sale 101 units

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on October 21 and (b) the inventory on October 31.

a. Cost of merchandise sold on October 21 $
b. Inventory on October 31 $

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Nov 2017 06:11 PM My Price 5.00

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